Question

Sally has 117 shares of stock valued at 2,614.95. Over the next three days, the value per share increases by $1.01,$0.11 and $0.43. What is the total value of her stock?

Answer 1

The total value of her stock after three days = $ 2796.3

Explanation:

Total number of shares = 117

Total value of shares = $ 2614.95

Value of increase of one share in one day = $ 1.01

Total value increase of 117 shares in one day = 117 × 1.01 = $ 118.17

Total value increase of 117 shares on second day = 117 × 0.11 = $ 12.87

Total value increase of 117 shares on third day = 117 × 0.43 = $ 50.31

Total value of stock after three days = $ 2614.95 + $ 118.17 + $ 12.87 + $ 50.31

⇒ $ 2796.3

This is the total value of her stock after three days.